Ghovident

Screenshots

Problem Statement

The Ghovident project builds on the idea from a traditional Provident fund with the aim of giving employers more options in creating employee benefits and elevating the level of blockchain to help shape society. The project will work using the advantages of the Aave protocol and the Gho stable coin as collateral investments.Ghovident flowEmployee and Company must transfer tokens (Employee's Contribution and Employer's Contribution) into the pool as agreed in provident fund policy. The company smart contract stores the tokens for each employee.The Company is the depositor of the fund (smart contract) and the fund will be staked at Aave, where the Company will receive stkAave coins.When an employee needs to borrow money, such as in an emergency case, the company can grant the loan by delegating stkAave to the employee and having the employee borrow the coins. The loan term should not exceed 40% of the employee collateral, but depends on the fund smart contract conditions.

Solution

List of technologies: Nextjs, SolidityList of smart contractGhovidentFactory: Smart contract for Create companyGhovidentPool: Smart contract for store user (company) in applicationFund: Smart contract logic for allow to custom for each fund strategy such as for our project we design to stake token in Aave